PROPERTY MANAGEMENT AGREEMENT.
This Property Management Agreement entered into on this __________ day of
20___ (hereinafter referred to as “Agreement”) between XXX Property
Management Company (hereinafter referred to as the “Company”) and The
XXX, LLC (hereinafter referred to as the “manager”). Together referred to
as “parties”.
WHEREAS the property to be managed herein is Turnkey Properties.
1. Services.
The parties agree that the Manager shall provide the following services;
i. Management services.
ii. Cleaning services.
2. Term.
The parties agree that this agreement shall be for a period of _________________.
3. Renewal.
The parties herein may renew this Agreement by issuing a 30 days’ renewal request
in writing before the Agreement’s termination date.
The parties may then negotiate the renewal of this Agreement through an
addendum.
4. Compensation.
The parties agree that in exchange for the services provided by the Manager above,
the Company shall compensate the Manager __________________.
The Manager may stay inside the unit at any time when the unit is not occupied at no
charge except cleaning fee.
5. Relationship.
The relationship between the Company and the Manager is that of an independent
contractor, and nothing else will be construed to mean anything else.
6. Warranties.
The Manager represents and warrants that the services rendered will be done using
reasonable care, skill, and professionalism. The end products will not infringe or
violate any intellectual property rights of any third parties.
7. Termination.
Either party to this Agreement may terminate the services herein by issuing a 90
days’ written notice to the other party and a $ 1500 reletting fee at the time of the
notice.
8. Governing Law.
This Agreement and the terms herein shall be governed and construed in
accordance with the Laws of Texas.
9. Dispute/Conflict Resolution.
The parties herein agree that in case of any conflict regarding the terms herein, the
same shall be amicably resolved between the parties. If the same fails, the dispute
shall be referred to mediation.
10. Force Majeure.
The Project Manager is not liable for any performance failure due to causes beyond
reasonable control, including but not limited to acts of God, civil war, riots, terrorism,
and any other actions which are not foreseeable in the circumstance.
11. Assignment.
The terms and obligations herein may not be assigned or transferred to another third
party without the other party’s written consent.
12. Modifications.
Either party to this Agreement may modify the terms by consent of the other party
and have the modifications in writing and signed by both parties.
13. Waiver.
No waiver by either party of any default shall be deemed a waiver of prior or
subsequent default of the same of other provisions of this Contract.
14. Severability.
Should any provision of this Agreement be deemed invalid or unenforceable, that
provision shall be severed from this Agreement. It shall not affect the other
provisions, which shall continue to be construed as if the invalid provision was not
included.
15. Entire Agreement.
This Agreement constitutes the Agreement between the parties and supersedes any
prior negotiations, promises, or contracts, whether written or oral.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
hereinbelow; –
The Company; –
Name:
____________________________
Signature:
_________________________
Designation:
The manager; –
Name:
____________________________
Signature:
_________________________
Designation:
_______________________
Date:
_____________________________
_______________________
Date:
_____________________________
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